LONDON Oct 5 Britain's finance watchdog has
received a long-delayed final report looking into alleged
malpractice at Royal Bank of Scotland's small business
restructuring division, the regulator said on Wednesday.
The Financial Conduct Authority said on its website it had
received the report from Promontory Financial Group and Mazars,
the consultancy and the accounting firm charged with
investigating RBS's Global Restructuring Group.
Originally announced in 2014 and slated for publication at
the end of 2015, the report is set to investigate RBS's
culpability over how it treated business customers in
difficulty before and during the 2008 financial crisis.
"This has been a complex and lengthy review - it is
therefore important that we do not rush the final stages of this
process," the FCA said on its website, without giving a date for
when it would share the final findings.
RBS has vigorously contested allegations that the GRG unit
deliberately pushed small businesses to bankruptcy so it could
pick up their assets cheaply.
Reuters previously reported the cost to the bank for
settling claims from small firms could run into billions of
(Reporting By Lawrence White. Editing by Jane Merriman)